| FORM NL-31: Related Party Transactions | |||||
| Insurer: | GIC Re | Date: 31.12.2015 | . | ||
| . | . | (Rs in Thousand) | . | . | . |
| Related Party Transactions | |||||
| Sr No. | Name of the Related Party | Nature of Relationship with the Company | Description of Transactions / Categories | Consideration paid / received* | |
|---|---|---|---|---|---|
| Up to the Quarter 31.12.2015 | Up to the Quarter of the preceding year 31.12.2014 | ||||
| 1 | India International Pte LTD. | Associate Company | Net Premiun - Net commission - Net Claims | -25794.77 | -4408.00 |
| 2 | GIC RE South Africa Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 372060.23 | 0.00 |
| 3 | GIC-Bhutan RE Ltd. | Associate Company | Net Premiun - Net commission - Net Claims | 135.49 | 0.00 |
| 4 | Agricultural Insurance Company of India Ltd | Associate Company | Net Premiun - Net commission - Net Claims | -222062.00 | -423274.00 |
| (-) indicates amount payable by GIC | |||||